Revisor Wealth Management LLC Boosts Stake in Exxon Mobil Corporation $XOM

Key Points

• Revisor Wealth Management LLC increased its stake in Exxon Mobil by 77.1%, owning 13,439 shares valued at $1,545,000 by the end of the second quarter.
• Exxon Mobil's recent quarterly earnings showed an EPS of $1.64, surpassing expectations, but revenue declined 12.4% year-over-year to $81.51 billion.
• The company announced a quarterly dividend of $0.99 per share, representing an annual yield of 3.5%, with a payout ratio of 56.25%.

Revisor Wealth Management LLC grew its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 77.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,439 shares of the oil and gas company's stock after buying an additional 5,849 shares during the period. Revisor Wealth Management LLC's holdings in Exxon Mobil were worth $1,545,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Graybill Wealth Management LTD. purchased a new position in shares of Exxon Mobil in the first quarter worth $29,000. Elequin Capital LP acquired a new stake in shares of Exxon Mobil in the first quarter worth $31,000. Capital A Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter worth $32,000. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock worth $35,000 after acquiring an additional 238 shares during the period. Finally, Game Plan Financial Advisors LLC increased its stake in shares of Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock worth $38,000 after acquiring an additional 300 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

XOM opened at $113.94 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The company has a market cap of $485.75 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 2.04 and a beta of 0.57. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The firm's fifty day simple moving average is $110.52 and its two-hundred day simple moving average is $109.40.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.17. The business had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company's revenue was down 12.4% compared to the same quarter last year. During the same period last year, the firm posted $2.14 earnings per share. Equities analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 56.25%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.03% of the company's stock.

Analyst Ratings Changes

XOM has been the topic of a number of research reports. Melius Research initiated coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price objective on the stock. Bank of America increased their price objective on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 10th. Piper Sandler raised their price target on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. Morgan Stanley raised their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Finally, Melius started coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Exxon Mobil currently has an average rating of "Hold" and an average price target of $125.00.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.

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